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Property profile & analytics
OFF-MARKET Estimated value $9,755,000
Investment properties

4215 Riverboat Rd Salt Lake City, UT 84123-2551

82,080 SF 4.27 ac lot Built 2009
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US86-0213905
Property summary
AI-generated overview

This exceptional Class A office building, constructed in 2009, offers 80,000 square feet of versatile space, ideal for multiple tenants. The property boasts a striking design, featuring a two-story atrium and executive-class honed granite lobby floors. The building is divided into four suites, with a minimum divisible space of 20,000 square feet and a maximum contiguous space of 20,000 square feet. Currently, all 80,000 square feet are vacant, presenting a unique opportunity for a single large tenant or multiple smaller occupants. Amenities include two high-capacity elevators, restrooms on each of the four floors, and a break room on every level. The building incorporates energy-efficient features such as a higher-efficiency HVAC system with individual VAV zoned temperature control, energy-saving electrical fixtures and equipment, and low-e glass. Security is enhanced by card access and computer-controlled door and elevator access with selectable privileges. Fiber optic services are available. On-site daily assistance is provided by a building superintendent. The property is conveniently located with easy access to express bus service connecting to light rail, nearby food services, retail centers, and shopping malls. Its central valley location provides proximity to I-15 and I-215, placing it within 17 minutes of Salt Lake City International Airport, downtown Salt Lake City, and major commercial and residential areas. The building also benefits from its proximity to the Meadowbrook Golf Course. Ample parking is available with 371 spaces. The property sits on 4.27 acres and has a parcel number of 21-02-252-002.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2009
Construction STEEL FRAME
Total area 82,080 SF
Lot 4.27 ac (186,001 SF)
Zoning code M-1
APN 21-02-252-002
UPID US86-0213905
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Drainage & Plumbing Solutions Co. Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.58M
Blend (final) Blend
$9.76M
Owner & transaction history
Srp Building 8 LLC · 14 yrs held
Srp Building 8 LLC
since 2011
4 recorded transactions
2011
Price N/A
2009
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $10.2M +1.3%
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